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See this TurboTax support FAQ for e-filing a state tax return after e-filing the federal return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/e-file-state-already-filed-federal/L1utGncEc_US_en_US?uid=mcmhdpu0

Maybe you have the wrong brokers.   It so happens I do everything through TIAA, because I have employment at an educational institution.  This year, I had do to a rollover from my 403b account to a private IRA, and then rollover from the IRA to an HSA (qualified HSA funding distribution).   I opened the IRA, did the first rollover, waited for it to settle, then did the QHSAFD.  I selected a 100% distribution, so my IRA which started out $5000, actually rolled over $5002. and some cents.  The IRA still exists but has zero balance.  I don't care if they close it or not, because it was free to open, and if I need it I can just open a new account.   Maybe your bank charges you to open and close IRAs?  You may need to find a new bank.     Or, you don't need for the IRA and Roth IRA to be at the same broker to do a backdoor Roth.  You can have one IRA open at bank A, and do direct conversions to bank A, B, C or D.  You don't need separate IRAs open at bank B, C and D.    Even if you want to spread out your Roth money to different brokers, you only need one traditional IRA.   Bottom line is, we don't know exactly what would happen with a one cent balance, but we don't recommend it.  Good luck.  

Thank you so much @AmeliesUncle  Following your advise I select to convert the car to personal use 100% and and Yes for "Conversion to nonbusiness" use in 2024 for both properties.   I recalculated the depreciation taken with below steps: $5064 2024 business miles x .30 2023 business miles x .28 2022 business miles taken x .26 Total miles - 32780 Total Business miles - 18370 busines use% - 18370/32780 = 56.04% Reported the disposal under - Sales of Business or Rental Property Date acquired 07/2022 Date sold 12/2024 Total sales (sales x business use% = 303 Total cost of property (Tax Basis) plus expense for sales - (4800+3500+500*56.04%) = $4931 Depreciation taken on this property = $5064   Going through the wizard from "Sales of Business or Rental Property - there's a section "Section 179 and Listed Property Recapture" - should I say No as I didn't report as Section 179? If I select YES, it ask me for "All Depreciation Plus section 179 Deduction taken before 2024 on this Property" and Deprecation recomputed using straightline. Also looks like even if I fill out as per your suggestion, I'm still stuck having to fill the Car & Truck Expenses Worksheet one for both rental properties. Each  rental property - Total Car & Truck Expenses worksheet - don't know how to fill the following: Prior Depreciation ?? AMT prior Depreciation ?? MACRS convention ?? Recovery period ??     - Sales of Business Property Subject to Recapture of Ordinary Income Smart Worksheet -have questions on the following to fill out:   Depreciation allowed or allowable - $5064 (Upon running Federal check it said Line 22 should be less than or equal to cost or other basis plus expense of sales. Should I enter $4931 here?) Selling price including mortgages and other debts. - $$$ should I enter $303 ? Prior depreciation ?? AMT prior depreciation ?? MACRS convention  ?? Recovery period  ??

You don't pay capital gains. You receive capital gains. Capital gain is the profit you make from selling something. You have to pay income tax on the capital gain that you receive (in most cases). So the basic answer to your question is yes, you do have to pay tax on your capital gain. Your capital gain from the sale is your share of the selling price minus your basis. Your share of the selling price is the total selling price times your percentage of ownership. So if you own a 1/3 share of the property and it is sold for $900,000, your share of the selling price is $300,000. It sounds like your share of the property was a gift from your parents. If so, your basis is your parents' basis for your share. If they purchased the property, their basis is the amount they paid for it (plus the cost of any improvements). If your parents purchased the property for $300,000 and gave you a 1/3 share as a gift, then your basis is $100,000. If your share of the selling price is $300,000 and your basis is $100,000 then your capital gain is $200,000. That's the amount that will be reported as taxable income on your tax return. If your parents bought the property more than one year before the sale, your capital gain is long-term, which is taxed at lower rates. If all of your other taxable income is less than $48,350 (for 2025) part of your long-term capital gain will be taxed at a 0% rate. Since you never lived in the home that is being sold, you cannot exclude any of your gain from taxation. Everything I've said applies specifically to you. It may not apply to your parents, especially if they lived in the home that is being sold. What I've said is also based on the assumptions stated. If any facts are not as I assumed, your tax might be different. The situation also might be different if one or both of your parents has passed away.  

If the state return was rejected by the state, you do not amend the state return.  All you need to do is correct what was wrong, add the tax payment on the return and e-file the state return again.  Or you can print and mail the tax return,   Amending a state tax return is only needed when you have to make changes to a tax return that already has been accepted by the state.

You enter the amount paid to your son as an expense in the Contract Labor of the Self-Employment section of the TurboTax program.   See this TurboTax support FAQ for entering self-employment expenses - https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-employment-business-expenses-like-home/L1k6HJY4A_US_en_US?uid=mcmb1x9w

Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2024   You should have a 1098 from your mortgage lender that shows this information.  Lenders send these in January/early February or you may be able to import the 1098 from the lender’s website.   https://turbotax.intuit.com/tax-tips/home-ownership/buying-your-first-home/L5QxJLcQT  https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/bought-house-deduct/L4X2xnsdz_US_en_US?uid=m6cuvbpg     There is not a first time home buyers credit on a Federal return. That ended in 2010. If your state has such as credit, you will be able to enter it when you prepare your state return.   Buying a home is not a guarantee of a big refund.  Your deductions for homeownership combined with your other deductions (if any) must exceed your standard deduction to change your tax due or refund. If you purchased your home late in the year, you do not even have a full year of home ownership deductions.   Your closing costs on your new home are not deductible except for prepaid interest, prepaid property tax or loan origination fees.  There are no deductions for appraisal, inspections, title searches, settlement fees. etc.   Your down payment is not deductible.   Your homeowners insurance for fire, hazard, flood, etc. is not deductible for your own home.   Home improvements, repairs, maintenance, etc. for your own home are not deductible.  (With possible exceptions for certain energy credits) (BUT——do make sure you keep careful written records/invoices, etc.  of any improvements you make to the home for someday when you sell it.)   Homeowners Association  (HOA) fees for your own home are not deductible.       It is very hard for a lot of people to use itemized deductions now that the standard deduction is so much higher.  Your home ownership may not have any effect on your tax due or refund, especially if you purchased the house late in the year.   Standard Deduction Your itemized deductions have to be more than your standard deduction before you will see a change in your tax owed or tax refund.  The deductions you enter do not necessarily count “dollar for dollar;” many of them are subject to meeting  tough thresholds—medical expenses, for example, must meet a threshold that is pretty hard to reach.  The software program uses all the IRS rules that apply to the expenses you enter, and it tells you if you have enough to use your itemized deductions or if using the standard deduction is more advantageous for you.  Under the new tax laws, some deductions have been capped—there is a $10,000 limit to the itemized deductions for state, local, property and sales taxes.      2024 STANDARD DEDUCTION AMOUNTS SINGLE $14,600    (65 or older/legally blind + $1950) MARRIED FILING SEPARATELY            $14,600    (65 or older/legally blind + $1550) MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550) HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)    

You do not mention how long ago you mailed your return.   If it is showing on the IRS refund site--even as not yet processed---then the IRS has your return and it still has to go through all the IRS stages of processing.  All you can do is wait.   TurboTax gets no updates and TT cannot speed up the IRS for you.   You need your filing status, your Social Security number and the exact amount  (line 35a of your 2024 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr  

Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.   To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. You can find your status within the TurboTax product. If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...

Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS. See this TurboTax support FAQ for amending a current year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk See this TurboTax support FAQ for amending a prior year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=ld1n99kr